Real Estate Business Restructuring through the Partial Transfer of Shares in 株式会社フォーメンバーズ

「At a meeting of its Board of Directors held on 30 September 2020, 株式会社ギガプライズ resolved to transfer part of its shares in its consolidated subsidiary, 株式会社フォーメンバーズ, and transferred the shares on the same date. As a result of the share transfer, 株式会社ギガプライズ’s voting interest fell to 3.01%, and the company was excluded from the scope of consolidation on the same date.」

「Although 株式会社フォーメンバーズ became structurally loss-making as rapid growth in directly operated stores increased its initial investment burden, it subsequently improved its earnings structure through increases in the number of managed real estate properties and AHN stores, as well as the transfer of directly operated stores to the AHN model. ... The company transferred its shares in 株式会社フォーメンバーズ after determining that concentrating 株式会社ギガプライズ’s management resources on its highly profitable core business, the ISP business for multi-unit residential properties, and its in-house real estate-related business would further strengthen profitability.」